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    Principles of Macroeconomics Study Set 7
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    Exam 11: Exchange Rates and the Balance of Payments
  5. Question
    If a Canadian Hockey Stick Has a Price of $32,how
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If a Canadian Hockey Stick Has a Price of $32,how

Question 82

Question 82

Short Answer

If a Canadian hockey stick has a price of $32,how much does it cost in:
a)Europe,assuming an exchange rate of 1 euro = $1.60 Can.
b)China,assuming an exchange rate of 1 Yuan = $0.20 Can.

Correct Answer:

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a)20 euros...

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